Wealthcare Advisory Partners LLC Has $2.49 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Wealthcare Advisory Partners LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,421 shares of the technology company’s stock after buying an additional 1,678 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Trade Desk were worth $2,485,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Level Financial Advisors Inc. increased its holdings in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Trade Desk by 1.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after acquiring an additional 150 shares in the last quarter. Fiduciary Trust Co increased its holdings in shares of Trade Desk by 1.1% during the fourth quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after acquiring an additional 150 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Trade Desk by 4.7% during the fourth quarter. Belpointe Asset Management LLC now owns 3,438 shares of the technology company’s stock valued at $247,000 after acquiring an additional 154 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of Trade Desk by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after acquiring an additional 156 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $85.13, for a total value of $6,384,750.00. Following the completion of the transaction, the chief executive officer now owns 899,022 shares in the company, valued at approximately $76,533,742.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $85.13, for a total value of $6,384,750.00. Following the completion of the transaction, the chief executive officer now owns 899,022 shares in the company, valued at approximately $76,533,742.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,727 shares of company stock worth $23,117,417. 10.18% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

TTD traded up $0.54 on Thursday, hitting $98.25. 226,060 shares of the company were exchanged, compared to its average volume of 4,205,213. The firm has a fifty day simple moving average of $91.46 and a two-hundred day simple moving average of $82.05. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $99.54. The stock has a market capitalization of $48.06 billion, a PE ratio of 244.28, a price-to-earnings-growth ratio of 5.01 and a beta of 1.49.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The business had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. On average, equities analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTD has been the subject of several recent research reports. Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and upped their price target for the stock from $95.00 to $105.00 in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, May 9th. DA Davidson upped their price target on Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Wedbush initiated coverage on Trade Desk in a report on Monday, June 17th. They set an “outperform” rating and a $110.00 price target for the company. Finally, Truist Financial reissued a “buy” rating and issued a $105.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.